Hexagon Capital Partners LLC Sells 65 Shares of Valero Energy Co. (NYSE:VLO)

Hexagon Capital Partners LLC trimmed its position in shares of Valero Energy Co. (NYSE:VLO) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,044 shares of the oil and gas company’s stock after selling 65 shares during the period. Hexagon Capital Partners LLC’s holdings in Valero Energy were worth $178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Valero Energy during the first quarter valued at about $33,000. BKM Wealth Management LLC acquired a new stake in Valero Energy during the fourth quarter valued at approximately $26,000. Wetzel Investment Advisors Inc. acquired a new stake in Valero Energy during the fourth quarter valued at approximately $36,000. FSC Wealth Advisors LLC acquired a new stake in Valero Energy during the fourth quarter valued at approximately $38,000. Finally, McIlrath & Eck LLC boosted its holdings in Valero Energy by 40.3% during the third quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 87 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Trading Up 0.8 %

NYSE:VLO traded up $1.22 during trading hours on Monday, hitting $157.98. 2,147,044 shares of the stock were exchanged, compared to its average volume of 3,140,217. The company’s 50 day moving average is $157.35 and its two-hundred day moving average is $150.47. The company has a market capitalization of $51.66 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42. Valero Energy Co. has a twelve month low of $112.16 and a twelve month high of $184.79. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, beating the consensus estimate of $3.18 by $0.64. The company had revenue of $31.76 billion during the quarter, compared to analysts’ expectations of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.27 EPS. On average, sell-side analysts anticipate that Valero Energy Co. will post 16.09 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Thursday, May 30th. Valero Energy’s payout ratio is 21.20%.

Insider Buying and Selling at Valero Energy

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total transaction of $113,846.40. Following the completion of the sale, the director now owns 13,314 shares in the company, valued at approximately $2,105,209.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho decreased their price objective on Valero Energy from $176.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Piper Sandler decreased their price objective on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. UBS Group boosted their target price on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Argus downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Finally, StockNews.com raised Valero Energy from a “hold” rating to a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.87.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.